POB unit 1

POB unit 1

10th Grade

20 Qs

quiz-placeholder

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POB unit 1

POB unit 1

Assessment

Quiz

Business

10th Grade

Easy

Created by

Demoya James

Used 2+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is barter?

Barter is a type of bar graph used in statistics.
Barter is a form of online shopping.
Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.
Barter is a type of currency used in ancient civilizations.

2.

MULTIPLE SELECT QUESTION

45 sec • 2 pts

advantages of barter?

trading could take place without money.

Barter limits the variety of goods and services available.

barter enabled a person to get what he/she wanted and could not produce.

Barter is inefficient and time-consuming.
Barter has no advantages.

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

what is money?

Money is a medium of exchange that is generally accepted.,

Money is a fictional concept.
Money is a form of energy.
Money is a type of food.

4.

MULTIPLE SELECT QUESTION

45 sec • 3 pts

limitations of barter?

certain goods cannot be broken up into smaller units.

double coincidence of wants.

lack of variety in available goods

difficult to save

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

what are the characteristics of money?

durability, portability, divisibility, scarcity, and acceptability

durability, portability, divisibility, uniformity, scarcity, and acceptability
durability, portability, divisibility, uniformity, abundance, and acceptability
durability, portability, divisibility, uniformity, unlimited supply, and acceptability

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

what is medium of exchange?

A medium of exchange is a unit of measurement for goods and services
A medium of exchange is a type of transportation used to move goods
A medium of exchange is a form of communication between individuals

A medium of exchange is a form of payment for goods and services.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is unit of accounts?

A type of bank account.
Basic unit in which financial transactions are recorded and measured.
Currency used in a specific country.
A measure of weight or volume.

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